2013-09-12 16:00:11 [Message] fib_1618 -> Chat: good day2013-09-12 16:00:15 [Message] fib_1618 -> Chat: how is everyone?2013-09-12 16:02:12 [Message] fib_1618 -> Chat: OK...any questions or comments before we get started??2013-09-12 16:05:22 [Message] fib_1618 -> Chat: OK...let's get DP up and see how things are getting along2013-09-12 16:05:50 [Message] fib_1618 -> Chat: after moving above blip resistance on Friday2013-09-12 16:06:16 [Message] fib_1618 -> Chat: the NYSE CO breadth MCO showed good upside follow through 2013-09-12 16:06:21 [Message] fib_1618 -> Chat: and pulled back a bit today2013-09-12 16:06:53 [Message] fib_1618 -> Chat: having challenged the top beneath the top seen back in the middle of July2013-09-12 16:07:00 [Message] fib_1618 -> Chat: so what we do know is that its now highly probable that we're going to see new price highs in the NYA2013-09-12 16:07:41 [Message] fib_1618 -> Chat: and we have enough energy behind the move where prices can actually stay above this same overhead resistance point2013-09-12 16:07:50 [Message] fib_1618 -> Chat: so today was more of a pause in this dynamic2013-09-12 16:08:18 [Message] fib_1618 -> Chat: looking at the NYSE CO breadth MCSUM2013-09-12 16:08:28 [Message] fib_1618 -> Chat: and we see that although we are back above the zero line2013-09-12 16:08:40 [Message] fib_1618 -> Chat: we still have our gap resistance point still above us2013-09-12 16:09:09 [Message] fib_1618 -> Chat: which is where we saw the maximum downside thrust in the MCO back in mid August2013-09-12 16:09:27 [Message] fib_1618 -> Chat: so although we have nice upside momentum now2013-09-12 16:09:53 [Message] fib_1618 -> Chat: the important test for the bulls still remains above current levels before we'll be able to actually trend higher2013-09-12 16:10:19 [Message] fib_1618 -> Chat: and then if we're successful in closing this same MCSUM gap resistance point2013-09-12 16:10:57 [Message] fib_1618 -> Chat: we still have trendline overhead resistance still above that which is currently intersecting the pattern at around the +650 level2013-09-12 16:11:06 [Message] fib_1618 -> Chat: so...one day at a time here2013-09-12 16:11:24 [Message] fib_1618 -> Chat: moving to the NYSE Composite breadth MCO2013-09-12 16:11:51 [Message] fib_1618 -> Chat: and we see that we actually saw a higher high above the one seen in mid July2013-09-12 16:12:11 [Message] fib_1618 -> Chat: this will then be enough of a violation to allow prices to continue to be firm through much of the rest of September2013-09-12 16:12:45 [Message] fib_1618 -> Chat: while the bulls face a three tiered area of resistance on the NYSE Composite breadth MCSUM2013-09-12 16:13:07 [Message] fib_1618 -> Chat: as we not only do we have zero line resistance2013-09-12 16:13:42 [Message] fib_1618 -> Chat: but this is the same area in which we have both MCSUM gap resistance AND where the declining tops line approximately intersects this MCSUM pattern2013-09-12 16:13:54 [Message] fib_1618 -> Chat: so with this triple layer of resistance 2013-09-12 16:14:17 [Message] fib_1618 -> Chat: we should expect an explosive move higher above this zero line level on any breakout we may see2013-09-12 16:14:44 [Message] fib_1618 -> Chat: with a very wide separation of the MCSUM posting leaving no doubt at all in whose in control2013-09-12 16:14:52 [Message] fib_1618 -> Chat: right now2013-09-12 16:14:59 [Message] fib_1618 -> Chat: we have a current reading of -1192013-09-12 16:15:23 [Message] fib_1618 -> Chat: so at this point, any opportunity to break above this area will likely take place next week2013-09-12 16:15:33 [Message] fib_1618 -> Chat: and interestingly enough2013-09-12 16:15:44 [Message] fib_1618 -> Chat: next week is also quarterly OPEX2013-09-12 16:16:07 [Message] fib_1618 -> Chat: where the speculative traders are loaded with September puts2013-09-12 16:16:55 [Message] fib_1618 -> Chat: which helps in accelerating price moves upon a larger than normal expiration2013-09-12 16:17:02 [Message] fib_1618 -> Chat: we'll see how it goes2013-09-12 16:17:41 [Message] fib_1618 -> Chat: moving to the NASDAQ breadth MCO2013-09-12 16:17:59 [Message] fib_1618 -> Chat: and we see here that we moved above our blip resistance point on Monday2013-09-12 16:18:12 [Message] fib_1618 -> Chat: which helped propel the price index to new recovery highs2013-09-12 16:18:21 [Message] fib_1618 -> Chat: as we like to say2013-09-12 16:18:34 [Message] fib_1618 -> Chat: in order for a common goal to be reached2013-09-12 16:18:48 [Message] fib_1618 -> Chat: the market must work together to attain this same goal2013-09-12 16:19:03 [Message] fib_1618 -> Chat: and Monday's advance provides another good example of this concept2013-09-12 16:19:31 [Message] fib_1618 -> Chat: as we talked about last week2013-09-12 16:20:04 [Message] fib_1618 -> Chat: the main job for the buyers now is to be able to move back above the +250 level on the NASDAQ breadth MCSUM2013-09-12 16:20:25 [Message] fib_1618 -> Chat: not only because this would lessen any effect of a potential Summation Failure2013-09-12 16:20:35 [Message] fib_1618 -> Chat: but like the configuration on the NYSE 2013-09-12 16:20:53 [Message] fib_1618 -> Chat: this is also the area in which we have our downside MCSUM gap resistance point2013-09-12 16:21:22 [Message] fib_1618 -> Chat: looking at the NASDAQ breadth MCO components2013-09-12 16:21:48 [Message] fib_1618 -> Chat: and we see that the 10% Trend has now provided a simple snapback to the 5% Trend2013-09-12 16:22:08 [Message] fib_1618 -> Chat: which suggests that we're likely to bounce higher as soon as Friday2013-09-12 16:22:34 [Message] fib_1618 -> Chat: and looking at the close up of the price structure2013-09-12 16:23:03 [Message] fib_1618 -> Chat: it would appear that we have met the minimal requirement of a simple pause to refresh after recently breaking into new high territory2013-09-12 16:23:34 [Message] fib_1618 -> Chat: so it wouldn't be too surprising at all to see a continuation of this current upside breakout near term2013-09-12 16:24:09 [Message] fib_1618 -> Chat: moving to the NDX breadth MCO2013-09-12 16:24:21 [Message] fib_1618 -> Chat: and we saw that it reached a peak of around +98 on Wednesday2013-09-12 16:24:35 [Message] fib_1618 -> Chat: and pulled back slightly today from this same "overbought" extreme2013-09-12 16:24:39 [Message] fib_1618 -> Chat: more importantly2013-09-12 16:24:45 [Message] fib_1618 -> Chat: when we look at the NDX breadth MCSUM2013-09-12 16:24:58 [Message] fib_1618 -> Chat: we see that we moved up and through the +500 level today2013-09-12 16:25:24 [Message] fib_1618 -> Chat: which suggests that there is more than enough liquidity moving into this basket of stocks for prices to trend higher2013-09-12 16:26:05 [Message] fib_1618 -> Chat: helping to confirm this idea is that we are also in the process of closing off the previous downside MCSUM gap resistance point as well2013-09-12 16:26:24 [Message] fib_1618 -> Chat: so...long and strong here for this basket of issues2013-09-12 16:26:43 [Message] fib_1618 -> Chat: especially if we see volume side acting the same way...or better2013-09-12 16:26:52 [Message] fib_1618 -> Chat: we'll review that after the breadth charts2013-09-12 16:27:29 [Message] fib_1618 -> Chat: a beautiful "breadth thrust" now exists on the SPX breadth MCO2013-09-12 16:27:55 [Message] fib_1618 -> Chat: as we were able to take out the mid July declining top with this same thrust2013-09-12 16:28:27 [Message] fib_1618 -> Chat: this highly suggests that we are not only going to move back above the +250 level on the SPX breadth MCSUM2013-09-12 16:28:48 [Message] fib_1618 -> Chat: but it's very likely now that we're going to close its MCSUM gap resistance point as well2013-09-12 16:29:00 [Message] fib_1618 -> Chat: pausing a moment, let's look at how the MCO pattern behaved prior to this same thrust2013-09-12 16:29:24 [Message] fib_1618 -> Chat: we see here is what we refer to as "texture"2013-09-12 16:29:43 [Message] fib_1618 -> Chat: where we had a series of bottoms above bottoms controlling the pattern2013-09-12 16:30:03 [Message] fib_1618 -> Chat: this, in fact, allowed us to work with the idea that we were building underlying strength last week2013-09-12 16:30:33 [Message] fib_1618 -> Chat: in the face of some potentially bad fundamental news both domestically and overseas2013-09-12 16:30:40 [Message] fib_1618 -> Chat: which only goes to prove2013-09-12 16:31:19 [Message] fib_1618 -> Chat: that what we "feel" should happen should never deviate our analysis from what is provided on a substantive basis2013-09-12 16:32:05 [Message] fib_1618 -> Chat: whatever the reason is for these patterns of strength (or weakness) will only be known in the fulness of time2013-09-12 16:32:14 [Message] fib_1618 -> Chat: but while we wait2013-09-12 16:32:23 [Message] fib_1618 -> Chat: one can make good money by just following it's indication2013-09-12 16:32:42 [Message] fib_1618 -> Chat: moving to the OEX breadth MCO2013-09-12 16:33:00 [Message] fib_1618 -> Chat: and here we actually were able to move to new 52 week highs yesterday2013-09-12 16:33:23 [Message] fib_1618 -> Chat: so this not only counterbalances the 52 week lows we saw in August2013-09-12 16:33:49 [Message] fib_1618 -> Chat: but this now strongly suggests that the buyers are in complete control with this basket of stocks2013-09-12 16:34:19 [Message] fib_1618 -> Chat: adding to this is that the OEX breadth MCSUM not only moved above its zero line today2013-09-12 16:34:54 [Message] fib_1618 -> Chat: but we'll likely see a lot of carry over to at least the +250 level2013-09-12 16:35:15 [Message] fib_1618 -> Chat: where we just happen to have our MCSUM gap resistance point2013-09-12 16:35:36 [Message] fib_1618 -> Chat: and let's not forget2013-09-12 16:35:54 [Message] fib_1618 -> Chat: the +250 level is also an area now of horizontal resistance on the chart as well2013-09-12 16:36:26 [Message] fib_1618 -> Chat: so, for now...we should feel friendly towards the market until we actually reach this same important resistance point2013-09-12 16:36:45 [Message] fib_1618 -> Chat: which, again, is not likely to be seen until the middle part of next week2013-09-12 16:37:02 [Message] fib_1618 -> Chat: nice that we have 3 chats next week to monitor this 2013-09-12 16:37:22 [Message] fib_1618 -> Chat: as we kind of expected last week2013-09-12 16:37:36 [Message] fib_1618 -> Chat: the Dow breadth MCO also moved to new MCO highs through Wednesday's trading2013-09-12 16:37:51 [Message] fib_1618 -> Chat: as it plays catch up to the rest of the market's turnaround of the last couple of weeks2013-09-12 16:38:05 [Message] fib_1618 -> Chat: and once again2013-09-12 16:38:17 [Message] fib_1618 -> Chat: you can see the importance of these blip resistance points2013-09-12 16:38:33 [Message] fib_1618 -> Chat: as once we moved above it2013-09-12 16:38:57 [Message] fib_1618 -> Chat: the Dow had triple digit moves for 3 straight days as the compression of this pattern was lifted2013-09-12 16:41:05 [Message] fib_1618 -> Chat: moving to the MID breadth MCO2013-09-12 16:41:34 [Message] fib_1618 -> Chat: and here we saw our follow though thrust that was indicated after we held the MCO lows of mid August2013-09-12 16:41:39 [Message] fib_1618 -> Chat: although2013-09-12 16:42:12 [Message] fib_1618 -> Chat: we still our key mid July declining top resistance still above us here2013-09-12 16:42:56 [Message] fib_1618 -> Chat: with the MID breadth MCSUM starting to look lethargic in its turnaround2013-09-12 16:43:10 [Message] fib_1618 -> Chat: in order for the bulls to push this above the important +250 level2013-09-12 16:43:28 [Message] fib_1618 -> Chat: we will need to see a higher reading in this MCO in order to accomplish this2013-09-12 16:43:41 [Message] fib_1618 -> Chat: and if we can later take out the mid July top2013-09-12 16:43:54 [Message] fib_1618 -> Chat: then we'll have a good 30-45 days of advance in front of us2013-09-12 16:44:32 [Message] fib_1618 -> Chat: at this point2013-09-12 16:44:37 [Message] fib_1618 -> Chat: something like this would have to happen by Monday2013-09-12 16:45:06 [Message] fib_1618 -> Chat: or a trip back down to the 1200 level will likely to be seen2013-09-12 16:45:39 [Message] fib_1618 -> Chat: pretty much the same situation with the SML breadth MCO and MCSUM2013-09-12 16:45:44 [Message] fib_1618 -> Chat: in fact2013-09-12 16:46:14 [Message] fib_1618 -> Chat: both the MID and SML breadth MCSUM's are currently at the +195 level2013-09-12 16:47:14 [Message] fib_1618 -> Chat: so the bulls will soon have to "push the envelope" here or we might be in store for the potential of a Summation Failure2013-09-12 16:48:07 [Message] fib_1618 -> Chat: and the TM breadth MCSUM has now been able to snapback up to around its zero line with a reading of -16 today2013-09-12 16:48:30 [Message] fib_1618 -> Chat: so we'll have to see if there is any additional money to add to this weeks short covering or not2013-09-12 16:49:05 [Message] fib_1618 -> Chat: as it's going to take fresh capital to really break above all of these near term resistance levels we've been talking about tonight on all of the breadth MCSUM's2013-09-12 16:49:06 [Message] fib_1618 -> Chat: so...2013-09-12 16:49:29 [Message] fib_1618 -> Chat: it would appear that our anticipated price bottom that was due this week has come to fruition2013-09-12 16:49:52 [Message] fib_1618 -> Chat: with many of the breadth MCO's supporting various degrees of breadth thrusts this week2013-09-12 16:50:30 [Message] fib_1618 -> Chat: what would be important in deciding if there's longevity to this is whether or not the volume MCO's are either moving in sync, or preferably, leading breadth to the upside2013-09-12 16:53:37 [Message] fib_1618 -> Chat: so...without further adieu...let's take a look at the volume McClellan's2013-09-12 16:54:01 [Message] fib_1618 -> Chat: the CO NYSE volume MCO moved to new 9 month highs this week2013-09-12 16:54:10 [Message] fib_1618 -> Chat: and with that 2013-09-12 16:54:26 [Message] fib_1618 -> Chat: this tells us that the CO NYSE volume MCSUM will likely move above the +250 level2013-09-12 16:54:49 [Message] fib_1618 -> Chat: and we'll likely close the downside MCSUM gap resistance in the pattern as well2013-09-12 16:55:04 [Message] fib_1618 -> Chat: so volume plurality is leading to the upside here on the common stocks2013-09-12 16:55:26 [Message] fib_1618 -> Chat: and with our moving above the +250 level2013-09-12 16:55:51 [Message] fib_1618 -> Chat: we have also moved back above what became horizontal pattern resistance on this MCSUM as well2013-09-12 16:55:57 [Message] fib_1618 -> Chat: so that's a good start2013-09-12 16:56:32 [Message] fib_1618 -> Chat: the NYSE Composite volume MCO also moved to new highs2013-09-12 16:56:51 [Message] fib_1618 -> Chat: and it also took out the initial thrust point that we saw back when the rally began back in November of last year2013-09-12 16:57:04 [Message] fib_1618 -> Chat: this is a highly bullish development for a couple of reasons2013-09-12 16:57:34 [Message] fib_1618 -> Chat: one is that the interest rate sensitive issues that trade on the NYSE are now being bought again 2013-09-12 16:58:12 [Message] fib_1618 -> Chat: and this would then suggest that we're getting close to some high point in the longer end of the yield curve2013-09-12 16:58:25 [Message] fib_1618 -> Chat: if this is the correct interpretation2013-09-12 16:58:53 [Message] fib_1618 -> Chat: this would also suggest that money is moving from the debt asset class and into equities2013-09-12 16:59:23 [Message] fib_1618 -> Chat: and this would then suggest that we're getting some indications of expanding earnings for equities in general2013-09-12 16:59:29 [Message] fib_1618 -> Chat: now...2013-09-12 16:59:42 [Message] fib_1618 -> Chat: this could also be QE3 induced as well2013-09-12 16:59:54 [Message] fib_1618 -> Chat: but regardless of the who's and why's2013-09-12 17:00:05 [Message] fib_1618 -> Chat: money always seeks out areas of undervaluation2013-09-12 17:01:16 [Message] fib_1618 -> Chat: and this same movement between the asset classes could be our indication that we're now in a market where earnings, and not the lower cost of money, is the driving force pushing equity prices higher2013-09-12 17:01:42 [Message] fib_1618 -> Chat: from theory to practice2013-09-12 17:02:06 [Message] fib_1618 -> Chat: still a bit early though to call it slam dunk though2013-09-12 17:02:32 [Message] fib_1618 -> Chat: but things do seem to be falling into place nicely on something that we talked about happening almost 5 months ago2013-09-12 17:03:02 [Message] fib_1618 -> Chat: new highs as well on the NASDAQ volume MCO2013-09-12 17:03:15 [Message] fib_1618 -> Chat: so volume doesn't seem to be a problem right now2013-09-12 17:03:25 [Message] fib_1618 -> Chat: as it's actually confirming this weeks reversal2013-09-12 17:03:56 [Message] fib_1618 -> Chat: new highs as well on the NDX volume MCO2013-09-12 17:04:39 [Message] fib_1618 -> Chat: and notice that we're within a couple of days now of taking out the top seen in previously in August on the NDX volume MCSUM2013-09-12 17:05:06 [Message] fib_1618 -> Chat: do not allow one component, like Apple, convince you that growth issues are not leading here2013-09-12 17:05:13 [Message] fib_1618 -> Chat: this is what the market wants you to believe2013-09-12 17:05:27 [Message] fib_1618 -> Chat: to keep you from participating in the broader trend2013-09-12 17:05:49 [Message] fib_1618 -> Chat: wow2013-09-12 17:05:58 [Message] fib_1618 -> Chat: new highs as well in the SPX volume MCO!2013-09-12 17:06:20 [Message] fib_1618 -> Chat: but like its breadth cousin2013-09-12 17:07:12 [Message] fib_1618 -> Chat: the bulls still have a bit to do still yet to get the intermediate term trend of money to expand to a point of showing a "throttle up" in the pattern2013-09-12 17:07:52 [Message] fib_1618 -> Chat: perceptive new highs as well in the OEX volume MCO2013-09-12 17:08:11 [Message] fib_1618 -> Chat: boy...there's nothing here suggesting a false start2013-09-12 17:08:37 [Message] fib_1618 -> Chat: look at the beautiful pattern structure in the OEX volume MCO2013-09-12 17:08:45 [Message] fib_1618 -> Chat: as it made bottoms above bottoms2013-09-12 17:08:50 [Message] fib_1618 -> Chat: provided divergence2013-09-12 17:08:54 [Message] fib_1618 -> Chat: moved above the zero line2013-09-12 17:08:59 [Message] fib_1618 -> Chat: snapped back to the zero line2013-09-12 17:09:01 [Message] fib_1618 -> Chat: and off it went2013-09-12 17:09:16 [Message] fib_1618 -> Chat: this is textbook stuff in real time2013-09-12 17:09:20 [Message] fib_1618 -> Chat: which means2013-09-12 17:09:24 [Message] fib_1618 -> Chat: it "works"2013-09-12 17:09:58 [Message] fib_1618 -> Chat: seeing only a challenge here of the previous highs in the Dow volume MCO2013-09-12 17:10:11 [Message] fib_1618 -> Chat: but like its breadth cousin2013-09-12 17:10:39 [Message] fib_1618 -> Chat: there's still a lot of work still yet to be seen in this index by the buyers as this MCSUM also remains below its zero line2013-09-12 17:10:44 [Message] fib_1618 -> Chat: but that's OK..for now2013-09-12 17:11:24 [Message] fib_1618 -> Chat: as we only want the majority to notice breakouts and trends later on as the pattern begins to mature2013-09-12 17:12:09 [Message] fib_1618 -> Chat: the MID volume MCO looks to have the weakest structure of all of the indices right now2013-09-12 17:12:45 [Message] fib_1618 -> Chat: as that lower low prior to the current thrust is helping in getting less upside amplitude in the price pattern2013-09-12 17:13:17 [Message] fib_1618 -> Chat: where the only thing that will help this is being able to either take out the declining top in mid July2013-09-12 17:13:41 [Message] fib_1618 -> Chat: or they can also accomplish this by staying above the MCO zero line for an extended period of time2013-09-12 17:13:51 [Message] fib_1618 -> Chat: for now2013-09-12 17:14:13 [Message] fib_1618 -> Chat: we'll call today a simple snapback to or towards the early August high point that was violated this week2013-09-12 17:14:50 [Message] fib_1618 -> Chat: the structure of the SML volume MCO remains is showing a better textural structure2013-09-12 17:15:14 [Message] fib_1618 -> Chat: with the SML volume MCSUM finding downside support at the +250 level2013-09-12 17:15:52 [Message] fib_1618 -> Chat: any move then back above the +500 level would be an indication of a re-initiation in the ongoing advancing trend2013-09-12 17:16:11 [Message] fib_1618 -> Chat: and new 9 month highs in the TM volume MCO2013-09-12 17:16:59 [Message] fib_1618 -> Chat: and this should provide enough support to maintain the horizontal support we see in the TM volume MCSUM in and around the +300 level2013-09-12 17:17:03 [Message] fib_1618 -> Chat: so...2013-09-12 17:17:25 [Message] fib_1618 -> Chat: we are now seeing that the trend of volume is either leading or moving in sync with its breadth cousin to the upside2013-09-12 17:17:54 [Message] fib_1618 -> Chat: and this highly suggests that we are at the beginning stages of another advancing price trending sequence2013-09-12 17:18:50 [Message] fib_1618 -> Chat: with bottoms above price bottoms continuing to control the longer term pattern structure on all of the major market indices2013-09-12 17:18:52 [Message] fib_1618 -> Chat: until...2013-09-12 17:18:58 [Message] fib_1618 -> Chat: PROVEN otherwise2013-09-12 17:19:27 [Message] fib_1618 -> Chat: oh yea...moving to new highs on the various MCO's also cancels off any downside price targets that were given in mid August2013-09-12 17:20:17 [Message] fib_1618 -> Chat: but this is why we either moved to cash or covered any remaining shorts last week2013-09-12 17:20:30 [Message] fib_1618 -> Chat: moving to the volume oscillators2013-09-12 17:21:04 [Message] fib_1618 -> Chat: all of the CVI's moved to climactic highs on Wednesday2013-09-12 17:21:23 [Message] fib_1618 -> Chat: which suggested a near term price reversal as soon as Friday2013-09-12 17:21:31 [Message] fib_1618 -> Chat: (we got that today)2013-09-12 17:21:43 [Message] fib_1618 -> Chat: STVO's are highly "overbought" as well2013-09-12 17:21:59 [Message] fib_1618 -> Chat: and in need of a rest2013-09-12 17:22:19 [Message] fib_1618 -> Chat: VTO's are now surging higher after moving to "oversold" last week2013-09-12 17:22:32 [Message] fib_1618 -> Chat: and as we have discussed many times before2013-09-12 17:22:50 [Message] fib_1618 -> Chat: when the longer term VTO joins the CVI and STVO at extremes2013-09-12 17:23:00 [Message] fib_1618 -> Chat: we usually get an equal and opposite effect2013-09-12 17:23:04 [Message] fib_1618 -> Chat: and here we are2013-09-12 17:23:16 [Message] fib_1618 -> Chat: NYSE TRIN at 1.202013-09-12 17:23:29 [Message] fib_1618 -> Chat: Open 10 at .832013-09-12 17:23:33 [Message] fib_1618 -> Chat: getting a little frothy2013-09-12 17:23:40 [Message] fib_1618 -> Chat: but not technically "overbought"2013-09-12 17:24:06 [Message] fib_1618 -> Chat: that last reading above 1.20 sure did provide a nice entry point2013-09-12 17:24:08 [Message] fib_1618 -> Chat: no less2013-09-12 17:24:16 [Message] fib_1618 -> Chat: the over 2.00 daily reading on the NYSE TRIN2013-09-12 17:24:34 [Message] fib_1618 -> Chat: yea...we tend to forget little things like that, don't we? 2013-09-12 17:24:53 [Message] fib_1618 -> Chat: NASDAQ TRIN at 1.192013-09-12 17:25:02 [Message] fib_1618 -> Chat: Open 10 at .762013-09-12 17:25:10 [Message] fib_1618 -> Chat: still "overbought" there2013-09-12 17:25:16 [Message] fib_1618 -> Chat: but not at an extreme as yet2013-09-12 17:25:35 [Message] fib_1618 -> Chat: note the accelerated upside look to the NASDAQ price pattern2013-09-12 17:26:01 [Message] fib_1618 -> Chat: as it seems to be stretching out to the upside2013-09-12 17:26:08 [Message] fib_1618 -> Chat: this is a chartist's dream sequence2013-09-12 17:26:18 [Message] fib_1618 -> Chat: as it shows a very powerful trend in action2013-09-12 17:26:31 [Message] fib_1618 -> Chat: TM TRIN at 1.172013-09-12 17:26:44 [Message] fib_1618 -> Chat: Open 10 at .772013-09-12 17:26:48 [Message] fib_1618 -> Chat: "overbought"2013-09-12 17:26:59 [Message] fib_1618 -> Chat: but with the trend continuing to "stretch out" here2013-09-12 17:27:16 [Message] fib_1618 -> Chat: we might have to see even lower Open TRIN numbers before we'll see a pause of more than a week2013-09-12 17:27:22 [Message] fib_1618 -> Chat: so...2013-09-12 17:27:52 [Message] fib_1618 -> Chat: we continue to be under an accumulation situation as provided by last weeks BETS number2013-09-12 17:28:11 [Message] fib_1618 -> Chat: and there isn't anything as yet suggested that we're done2013-09-12 17:28:35 [Message] fib_1618 -> Chat: yes...the bulls still have a lot of work in front of them to keep the momentum going2013-09-12 17:28:47 [Message] fib_1618 -> Chat: but as the internals suggested two weeks ago2013-09-12 17:29:00 [Message] fib_1618 -> Chat: we continue to work with a intermediate term price bottom2013-09-12 17:29:17 [Message] fib_1618 -> Chat: and we'll hopefully know to what end we might expect as soon as next week2013-09-12 17:29:23 [Message] fib_1618 -> Chat: anything else?2013-09-12 17:29:58 [Message] thespookyone -> Chat: thx2013-09-12 17:30:04 [Message] unc1998 -> Chat: Any thoughts on gold and gold stocks here? Rough day for them2013-09-12 17:30:07 [Message] fib_1618 -> Chat: staying with the Wilshire 5000 chart on the last TRIN chart2013-09-12 17:30:17 [Message] fib_1618 -> Chat: also notice that as the trend continues to accelerate 2013-09-12 17:30:32 [Message] fib_1618 -> Chat: the time it takes to correct any excesses has taken less and less time to do so2013-09-12 17:30:47 [Message] fib_1618 -> Chat: this is indicative of this same robust trend in action2013-09-12 17:30:56 [Message] fib_1618 -> Chat: let me get a prelim on the BETS2013-09-12 17:30:58 [Message] fib_1618 -> Chat: no real comment on gold at this point...but the internals had been woefully lackluster now for weeks2013-09-12 17:32:12 [Message] fib_1618 -> Chat: we'll see how the data looks this weekend on the weekend breadth updates2013-09-12 17:32:14 [Message] fib_1618 -> Chat: +30 - no change2013-09-12 17:32:25 [Message] fib_1618 -> Chat: the AMEX data is dragging here2013-09-12 17:32:31 [Message] fib_1618 -> Chat: as well as the TSX Venture2013-09-12 17:32:59 [Message] fib_1618 -> Chat: but we remain compressed on many of the A/D, U/D charts2013-09-12 17:33:08 [Message] fib_1618 -> Chat: so we'll see how they settle after tomorrow2013-09-12 17:33:17 [Message] unc1998 -> Chat: thx2013-09-12 17:33:27 [Message] fib_1618 -> Chat: sure 'nuff2013-09-12 17:33:32 [Message] fib_1618 -> Chat: keep in mind2013-09-12 17:33:50 [Message] fib_1618 -> Chat: that if our intermarket rotation theory continues to hold up2013-09-12 17:34:09 [Message] fib_1618 -> Chat: what we've seen this week is just the first push on shore of QE3 stimulus2013-09-12 17:34:17 [Message] fib_1618 -> Chat: if this "holds water"2013-09-12 17:34:33 [Message] fib_1618 -> Chat: we should continue to see this positive effect for the next 4 weeks2013-09-12 17:34:36 [Message] fib_1618 -> Chat: and then...2013-09-12 17:34:38 [Message] fib_1618 -> Chat: well...2013-09-12 17:34:49 [Message] fib_1618 -> Chat: the pattern of gold says to not expect much more than that2013-09-12 17:35:13 [Message] fib_1618 -> Chat: as the rest of this liquidity quotient has been used for other purposes2013-09-12 17:35:38 [Message] fib_1618 -> Chat: but if we're now in a market based solely on the earnings of a company2013-09-12 17:35:42 [Message] fib_1618 -> Chat: this won't matter much 2013-09-12 17:35:55 [Message] fib_1618 -> Chat: OK...if there's nothing else2013-09-12 17:35:57 [Message] fib_1618 -> Chat: I'm going to take off2013-09-12 17:36:05 [Message] fib_1618 -> Chat: remember we have 3 chats next week2013-09-12 17:36:10 [Message] fib_1618 -> Chat: Tuesday, Wednesday and Thursday2013-09-12 17:36:29 [Message] fib_1618 -> Chat: and I have a feeling it's going to be an exciting period to review2013-09-12 17:36:45 [Message] fib_1618 -> Chat: everyone have a great weekend 2013-09-12 17:36:52 [Message] fib_1618 -> Chat: and we'll meet up again on Tuesday2013-09-12 17:36:53 [Message] fib_1618 -> Chat: good night__________________Dave's LinkedIn Profile

"As for it being different this time, it is different every time. The question is in what way, and to what extent" - Tom McClellan

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